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July 23, 2014

July 23, 2014

Posted by **carolyn** on Thursday, December 9, 2010 at 7:24pm.

what is the first quarter principle?

- math -
**MathMate**, Friday, December 10, 2010 at 9:55amThere are four periods, each (a quarter) will be paid (1/4) of 6% interest.

The accumulated amount at the end of the year will therefore be

A = 800*(1+0.06/4)^4

=$849.09

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